S&P Global Ratings assigned its 'AAA' long-term rating to the City of Cedar Park, Texas' approximately $71.3 million general obligation (GO) refunding and improvement bonds, series 2024, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on Ratings Direct. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the city's GO debt and certificates of obligation outstanding. The outlook is stable. The bonds are secured by a limited ad valorem tax, levied on all taxable property within the city. State statutes limit the ad valorem tax rate for home-rule cities to $2.50 per $100 of taxable assessed valuation (AV) for all city purposes. The Texas attorney general will permit the
